Tag: Innovation

EU Agrees Steps Toward Tighter Money-Laundering Supervision
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EU Agrees Steps Toward Tighter Money-Laundering Supervision

European Union finance ministers on Thursday backed plans for greater powers to combat money laundering after a series of revelations about large amounts of dirty money flowing through European banks. The EU last year experienced its largest money-laundering scandal when it emerged that 200 billion euros ($220 billion) in suspicious […]

Future Compliance Careers: The Artificial Intelligence Compliance Officer
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Future Compliance Careers: The Artificial Intelligence Compliance Officer

Innovative technologies transform the financial industry at all levels and the role of the compliance officer is no different. We have covered the subject of the Future of Compliance Jobs on several occasions over the years and the bottom line is fairly simple: while less complex jobs would be replaced […]

For data compliance, banks and payment firms show signs of ‘getting it’
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For data compliance, banks and payment firms show signs of ‘getting it’

New data protection laws are changing marketing forever for merchants, payment firms and other companies. It started with GDPR, the EU’s landmark privacy regulation that ensured consumers must consent to receive digital communications from corporations. California is next: The California Consumer Privacy Act, modelled largely after GDPR, will go into […]

Kaspersky Eyes to Tackle Crypto Crimes That Are Costing the Industry Billions
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Kaspersky Eyes to Tackle Crypto Crimes That Are Costing the Industry Billions

With the total market capitalization of cryptocurrencies estimated to be more than US$200 billion, it’s evident to industry observers that the crypto industry has been rapidly on the rise in recent times. Inevitably, with the rise, comes bad actors who see it as an opportunity profit from it in unscrupulous […]

Top Fintech Trends Entrepreneurs Must Watch in 2020
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Top Fintech Trends Entrepreneurs Must Watch in 2020

Financial technology (fintech), for all of its faults, helps us get more things done more efficiently. Artificial Intelligence (AI) takes it even further, allowing us to conduct business and have conversations when there isn’t even another human involved. We can have online chats with bots, for example, to accomplish or learn a myriad things. […]

Revolut launches GBP Direct Debits, providing another key service to customers
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Revolut launches GBP Direct Debits, providing another key service to customers

Revolut has today launched GBP Direct Debits for all EEA customers with local UK account details, the latest feature added to its global financial retail and business platforms, as it continues to scale and build towards becoming a global bank. The new functionality will utilise Modulr’s Direct Debits Mandate service, […]

APEXX announces transformative partnership with eShopWorld
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APEXX announces transformative partnership with eShopWorld

APEXX Global, the first single marketplace for global payments, has today announced a partnership between itself and international Irish cross-border e-commerce giant, eShopWorld. The partnership, which aims to transform the payments process for its clients whilst also reducing associated costs, kicked off with APEXX processing payments for eShopWorld’s Russia based […]

Protiviti and International RegTech Association study sets out roadblocks to effective KYC
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Protiviti and International RegTech Association study sets out roadblocks to effective KYC

Protiviti and the International RegTech Association (IRTA) have released the findings of a global market study they conducted to investigate the effectiveness of current ‘Know Your Customer’(KYC) processes. The study reveals an urgent need for more effective industry alignment to accelerate the digitizing of KYC processes and greater use of […]

Increased RegTech investments among chief FinTech trends to expect in 2020
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Increased RegTech investments among chief FinTech trends to expect in 2020

FinTech is going to explode next year, with several new solutions hitting the market, Ecosystm, the tech research firm, suggests in a new report. “FinTech is poised to have a much greater impact in 2020 than many people realize,” said Paul Gestro, report co-author and principal adviser at Ecosystm. “As […]

InfrasoftTech plans further expansion in global banking market
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InfrasoftTech plans further expansion in global banking market

Infrasoft Technologies Ltd (InfrasoftTech) is backed by its latest artificial intelligence product, Kiya.ai and Univius RegTech, that provides early detection of potential frauds in banks, said managing director and chief executive officer, Rajesh Mirjankar. IT company Infrasoft Technologies is planning further global expansion in the Caribbean and Bahamas while focusing […]